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Oh, the old "EDuCaTE UrsElf" argument? I'm sorry, but Bitcoin's energy use doesn't even pass the smell test. If you're consuming ~1% of global power generation
by jhgb 5y ago
Oh, the old "EDuCaTE UrsElf" argument? I'm sorry, but Bitcoin's energy use doesn't even pass the smell test. If you're consuming ~1% of global power generation while providing only ~2% of world's narrow money, that's not very optimistic. The fact that its deflationary nature makes it unappealing for actual cash transactions should make it even worse should you go for transaction volume comparisons.